California Changelawyers

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's accounting and finance staff. The draft form 990 is then reviewed by the executive director; adjustments are made, as necessary. A complete copy of the form 990 is then provided to all members of the governing body prior to filing with the internal revenue service.”

“The organization has a written conflict of interest policy ("cip") which applies to all "interested persons", defined as any director, principal officer, or member of a committee with board delegated powers who has a direct, or indirect material financial interest, in a transaction or arrangement the organization may be considering. All new members of the board of directors are presented with a copy of the cip when their first board term begins. Board members are required to sign the cip's annual affirmation and disclosure statement upon joining the board, and every year thereafter that they remain on the board. The executive director keeps record of the signed affirmation and disclosure statement and any disclosures by interest persons. Should a potential or actual conflict of interest arise, disinterested members of the board of directors shall vote on the matter.”

“Each year, the personnel committee (which is made up exclusively of independent board members) conducts a performance evaluation for the executive director and makes a recommendation regarding a compensation package. The committee solicits input regarding the executive director's performance from the board members and others outside the board. The committee reviews comparability data regarding executive director salaries from a number of sources, including the center for non-profit management and other national surveys. In its deliberations, the committee also weighs the desire to reward excellence, encourage retention, and avoid replacement costs. The committee presents its evaluation and salary recommendation to the full board of directors, which approves any adjustments to the executive director's compensation package.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Also, a summary financial statement is included in the annual report.”

“Reversal of prior year contribution revenue -128,405.”